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Genesis Coin files lawsuit against AML Software, Bitcoin of America for alleged copyright infringement

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February 12, 2024

Genesis Coin Inc. filed a lawsuit against AML Software Inc. and Bitcoin of America for allegedly copying software code for its user interface for ATMs. The company claims that Ryan Pineo, president and CTO, and Sonny Meraban, CEO of Bitcoin of America, offered bitcoin ATMs that had copies of Genesis Coin's code, according to a report by Bloomberg Law.

The lawsuit alleges that Bitcoin of America has ATMs with "near-identical features" such as "styling, colorways, button placement and graphics placement."

Genesis Coin is asking for an injunction against Bitcoin of America to stop it from allegedly counterfeiting its copyright software.

Bitcoin of America's CEO was arrested in 2023 for Ohio ATM licensing violations and suspected money laundering. The company officially ceased operations on March 2, 2023, according to its website.

A Bitcoin of America representative had not responded to a request for comment from ATM Marketplace at the time of this report.